I was wondering if it is possible to create high quality movie really low cost? I mean movie like "21 grams" or "Memento", something what does not need special effects.
It's certainly possible. As with anything, it's a trade-off, and making the most of what resources you have and being willing to do the hard work and make the sacrifices necessary seems to be key.
It's the acting talent that costs, if you already know how to do the producing, writing, directing, editing, photography, and music. You could get free talent. People are glad to have something to show they've done something for someone else when they go out on casting calls and seek agents. But if they're not getting money, you better be prepared to at least feed them.
Yes, but I think some of the other answers her suffer from survivor bias. The fact that some talented people are able to make movies that cost less does not imply that that some percentage of cheap movies are likely to be awesome.
It is NOT possible to make a high quality movie without a large amount of talent, at any cost.
You should evaluate your talent and/or access to talent as the primary driver.
The answer is yes, and no. Its the talent that costs money, and deservedly so. If you can land that cheaper then go for it. Check out Robert Rodriguez too, he makes movies for 1/3 the typical Hollywood cost...he gives solid advice on learning the craft.
Yes. Oscar winner "Once" was shot with DV and a budget of ~€150,000. Its box office was ~$20,710,513. It won the 2007 Academy Award for Best Original Song
A well shot, well edited film can be let down by a poor stroy or a poor script. These are variables you have to get right so all the players have to be A players who get on very well together. good luck!
Some notable examples made under $10,000 USD:
http://en.wikipedia.org/wiki/Primer_(film) http://en.wikipedia.org/wiki/Following_(film) http://en.wikipedia.org/wiki/El_Mariachi http://en.wikipedia.org/wiki/The_Apu_Trilogy